Bharti Airtel Ltd posted lowest quarterly profit in nearly 15 years

Vastavam web: Bharti Airtel Ltd posted its lowest quarterly profit in nearly 15 years on Tuesday, as a price war in the telecoms sector continued to hurt, while revenue was hit by a regulatory cut in international termination charges.The entry of Reliance Jio, the telecoms arm of Reliance Industries Ltd, into India’s telecoms sector has set off a brutal price war among operators as they drastically cut prices to compete with Jio’s bottomed out plans.